Lima, OH at a glance
Median household income
$46,240$3,853 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Lima, OH?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Lima, OH? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Lima, OH MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $839 | $10,068 | $33,560 | 21.8% |
| 1-Bedroom Apartment | $844 | $10,128 | $33,760 | 21.9% |
| 2-Bedroom ApartmentBenchmark | $1,108 | $13,296 | $44,320 | 28.8% |
| 3-Bedroom Home | $1,338 | $16,056 | $53,520 | 34.7% |
| 4-Bedroom Home | $1,493 | $17,916 | $59,720 | 38.7% |
What a typical income covers in Lima, OH
The 50/30/20 rule applied to the local median of $46,240 a year ($3,853 a month before tax).
What $46,240 leaves after Ohio taxes
Federal income tax, Social Security, Medicare and Ohio tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Ohio
Living in Lima, OH: common questions
What is the median household income in Lima, OH?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Lima, OH is $46,240 per year (approximately $3,853 per month).
What is the average rent in Lima, OH?
The closest official figure is HUD's Fair Market Rent for 2026: $839 for a studio, $844 for one bedroom, $1,108 for two, $1,338 for three and $1,493 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Lima, OH expensive to live in?
Prices there run 10.3% below the U.S. average. BEA's regional price parity for the metro area is 89.7, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Lima, OH?
To keep a $1,108 two-bedroom under 30% of gross income, a household needs about $44,320 a year, or $3,693 a month. That is 96% of what the typical household in Lima, OH earns.
How much do you need to live comfortably in Lima, OH?
On the local median income of $46,240 ($3,853 a month before tax), the 50/30/20 rule leaves $1,927 a month for needs like rent, utilities and groceries, $1,156 for everything else and $771 for savings or debt. A two-bedroom at $1,108 takes 58% of the needs share.
How much is the electric bill in Lima, OH?
Homes in Ohio paid 19.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $173. Your bill depends mostly on heating and cooling.